5 effective ways you can learn to trade in the Philippine stock market

5 effective ways you can learn to trade in the Philippine stock market

When it comes to stock market investing, those who’ve already commenced their journey find it easier to continue and progress at every step. But taking that first step is the hardest part that deters most people from entering the stock market.

Luckily, there’s a huge volume of resources available today that can help beginners learn how to trade stocks, thus driving away any inhibitions they might have on trading.

Here we’ve provided five effective ways you can learn to trade and pave the path to becoming a good trader: 1) The books can teach you For investing in stocks, you need to get the hang of the basics. Despite online resources, videos, DVDs and other available resources, nothing can surpass the value of information that books provide. There are lots of books written, especially for beginners that provide an introduction to the world of stock exchange in the Philippines. Check out this book by Michael A Reyes.

2) Learn from the experts Who better than the best stock traders and industry experts to teach you a thing or two about the markets? Follow the top investors, read their blogs and material, and examine their approach strictly to draw valuable insight that will help you evolve as a trader.

3) Invest in classes and webinars

If you’re short on time, webinars are a good way to polish your knowledge on the stock market. However, it’s better to attend live classes, where you get to meet people, interact, exchange tips, clear up your doubts and get the guidance you need to trade stocks.

4) Trade stocks to learn Yes, the best way to learn is to get out there, make an investment and observe the market in real time. Do not jump the gun, instead, make a nominal investment to get the feeling of how the exchange works. Who knows, you might even make a profit. If you don’t, then it only gives you an opportunity to learn from your mistakes. You can also try virtual simulators, but they don’t give you the ‘real’ feel that comes with a live trading platform.

5) Pay for subscriptions Investing in premium stock analysis and research is worthwhile – and anyone who tells you otherwise is wrong. You might be asking yourself this: Why pay when you’ve got free reports and articles available? True, they’re informative, but paid subscriptions are even better and give you better insight into the market.

Conclusion Remember, learning is a continuous process. No one knows everything, and the deeper you wade in, the more you’ll dig out. So keep reading, keep learning and refine yourself as a trader if you want to survive the choppy stock market in the Philippines. If you’re looking for the best trading platform that will supplement you with the tools as well as the educational resources required to trade in stocks, CFDs, or currencies, then sign up for an account with WesternFX!